Investors Pull Back From Stock Funds in July: Lipper

August 21, 2001 ( - Investors bailed out of equity mutual funds for the first time since March last month, yanking about $1.5 billion, according to data from Lipper Analytical Services.

On the other hand, bond funds enjoyed their largest inflow since January, logging a net inflow of $6.9 billion.   Money market funds also drew in a strong $8.3 billion.   Of the latter total, institutions withdrew $3.2 billion net, offset by an $11.5 billion net inflow from individual investors.

Ins and Outs

 Sources of Net Outflows: 

  • Growth funds saw net outflows of $3.9 billion.
  • Large-cap funds suffered net redemptions of $3.9 billion.
  • International stock funds had an outflow of $3.2 billion.
  • Sector funds had net outflows of $1.2 billion with science and technology funds suffering most, losing $800 million.

 Favored Categories:

  • Small-cap funds took in a net $2.8 billion.
  • Value funds drew a net $6.1 billion.

Overall, flows into stock, bond and money market funds were less than $14 billion, well below average monthly totals for recent years, according to Lipper.